Asset sale or buyout of oil/gas properties would be bad timing at present. So far CHK, HES
sales have brought poor prices. I'd rather see them get rid of all the non core garbage such as the air force, real estate and all the " thunder B-ball " follies. Along with all the garbage will go a bunch of non essential personnel. If they would get rid of the BS costs Tom has carried and just put emphasis on the core proven areas where the infrastructure exists....they could post some positive earnings and this could actually become a stock worth owning. Sell what ain't needed, apply proceeds to debt..get rid of all of Tommy's cronies......start making some $$$$...simple enough...but it'll take a couple of qtrs.
i feel the same way, Hess sold some prop and it turned out 1/3 what was projected. Imagine if we sell SD at this point in time, we'll be lucky to get 8$. TPG estimated of 10-12 but after looking at the books and realizing what a con man Tom turned out to be, may not be that high. I'll be happy for 8 just to get out. I've waited 3 yrs and have been averaging down. While the maket is all time high, this P O S is stuck at the low end. Its amazing how Tom could robbed us all in broad day light till now. If we didn't have TPG we all would have been toast with tom and family sucking everything we got in SD.
Right or wrong, I have faith in TPG/Cooperman to put maximum effort into getting share valuation. Not for me but selfishly for themselves..and if they do then I'll benefit from their efforts. They didn't buy into SD to "save" shareholders....they bought in and used their clout to take control of a discounted stock so they could make a good return on their investment. I have no guarantee that they'll succeed...but I sure as H.E.L.L won't lose as much as them if they end up being wrong...LOL